Additional Milestone Payment definition

Additional Milestone Payment has the meaning set forth in Section 9.1.3(a).
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Additional Milestone Payment shall have the meaning ascribed to it in Section 2 of this First Amendment.
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Additional Milestone Payment shall have the meaning set forth in Section 2.6(a)(iii).
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Examples of Additional Milestone Payment in a sentence

  • For clarity, if the Payment Trigger is a Change of Control and Praxis timely pays the Additional Milestone Payment and the [***], then [***].

  • For clarity, each Additional Milestone Payment is payable only once; no Additional Milestone Payment shall be payable for subsequent or repeated achievements of such Additional Milestone Event with one or more of the same or different Amgen Optioned Products directed against such Amgen Optioned Target.

  • Amgen shall report to Kite its achievement of each Additional Milestone Event for which payment to Kite is due, within […***…] after Amgen determines such achievement has occurred, and Kite shall invoice Amgen for the applicable Additional Milestone Payment.

  • Section 3.1 of the Agreement is hereby amended so that the license by Quark to Pfizer to develop, make and have made Biomolecules and Licensed Products shall be co-exclusive with Quark during the period of time from the Second Amendment Effective Date to the date of payment of the Additional Milestone Payment.

  • GTx has sought from Ipsen an Additional Milestone Payment in consideration of additional rights granted hereunder, including but not limited to expanding Xxxxx’x territory and co-promoting the Licensed Product in the ADT Indication in the US; and Ipsen desires to effect payment in respect thereof.

  • Notwithstanding Section 7.3(a) of the Agreement, which requires Pfizer to share the patent prosecution costs for Quark Patent Rights, effective with the Second Amendment Effective Date and until the payment by Pfizer of the Additional Milestone Payment, Quark shall be solely responsible for 100% of the out-of-pocket costs and expenses incurred by Quark to obtain, prosecute, and maintain Quark Patent Rights that are solely owned or controlled by Quark and that cover Biomolecules or Licensed Products.

  • Without limiting the foregoing, provided that Pfizer continues with the Existing Trials in accordance with the terms and conditions of the Agreement and fulfills its obligations under this Second Amendment, Pfizer shall be deemed to have satisfied its diligence obligations under the Agreement with respect to the development of the Licensed Product through the date on which the Additional Milestone Payment is due.

  • Upon receipt of any such Additional Milestone Payment made in cash, the Stockholders’ Representative shall pay or cause to be paid to each Milestone Payment Recipient entitled to receive such payment in cash, and in any event within fifteen (15) Business Days of such receipt, its Contingent Allocation with respect to the Additional Milestone Payment.

  • Parent shall pay interest on any Additional Milestone Payment that is not paid on or before the date such payments are due under this Agreement at an annual rate equal (a) the prime rate as published in the Wall Street Journal, Eastern Edition in effect from time to time during such period plus (b) one percent (1%), calculated on the total number of days payment is delinquent.

  • If Pfizer does not make the Additional Milestone Payment within the prescribed time period and the Agreement is terminated pursuant to Section 13.1(b) of the Agreement, Pfizer shall transfer its IND to Quark as provided in Section 13.3 of the Agreement in the event it has not already done so as provided in this Section.


More Definitions of Additional Milestone Payment

Additional Milestone Payment has the meaning set forth in the Merger Agreement.
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Related to Additional Milestone Payment

  • Development Milestone Payment shall have the meaning set forth in Section 9.2(a).

  • Sales Milestone Payment shall have the meaning set forth in Section 8.4.

  • Milestone Payment has the meaning set forth in Section 4.2.

  • Milestone means an event or task described in the Implementation Plan which must be completed by the corresponding date set out in such plan;

  • Milestone Payments means payments made in connection with any Permitted Acquisition or other acquisition (including any license or the acquisition of any license) of any rights in respect of any drug or other pharmaceutical product (and any related property or assets) to sellers (or licensors) of the assets or Equity Interests acquired (or licensed) therein based on the achievement of specified revenue, profit or other performance targets (financial or otherwise).

  • Milestone Payment Date has the meaning set forth in Section 2.4(a).

  • Development Milestone is defined in Section 5.3.

  • Development Milestone Event has the meaning set forth in Section 7.2.1.

  • Milestone Event has the meaning set forth in Section 8.2.1.

  • Milestone Events has the meaning set forth in Section 7.2.

  • Milestone 2 means achievement of annual Net Sales of at least $35,000,000 during any Calendar Year ending on or before December 31, 2024.

  • Milestone 1 means achievement of annual Net Sales of at least $20,000,000 during the Calendar Year ending on December 31, 2021.

  • Milestone Date means the date set against the relevant Milestone in the Implementation Plan;

  • Project Milestone means the project milestone set forth in Schedule-J;

  • Milestones means control points in the project that help to chart progress. Milestones may correspond to the completion of a key deliverable, allowing the next phase of the work to begin. They may also be needed at intermediary points so that, if problems have arisen, corrective measures can be taken. A milestone may be a critical decision point in the project where, for example, the consortium must decide which of several technologies to adopt for further development.

  • Project Milestones means the project milestones set forth in Schedule-G;

  • Milestone Dates means the dates for completion of specified Project activities as contained in the Project Schedule.

  • Performance Milestone means an act or event specified in section 5.1 and described in section 9 of the EPLA.

  • Additional Indication means any indication other than the Initial Indication.

  • Milestone Notice has the meaning set forth in Section 2.4(a).

  • Milestone Schedule means Seller’s milestone schedule, the form of which is attached to this Agreement as Exhibit Q.

  • Milestone Failure means a failure by the Grant Recipient fully to achieve any Milestone by the relevant Milestone Date;

  • Initial Indication means the use of a Product for the treatment of opioid addiction.

  • Sublicense Revenue means [***].

  • Additional SDU Study means a deliverability study that a Developer may elect to pursue as that term is defined in OATT Section 25 (OATT Attachment S). For purposes of Section 23.4.5 of this Attachment H, “Affiliated Entity” shall mean, with respect to a person or Entity:

  • Sublicense Fees shall have the meaning set forth in Section 7.3 below.